$53,750,001.55 raised at $2.05 = Buy Time at $1.43 !!!Emblem Completes Bought Deal Financing NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TORONTO, Feb. 02, 2018 (GLOBE NEWSWIRE) -- Emblem Corp. (TSXV:EMC) (EMC.WT) ("Emblem" or the "Company") is pleased to announce that it has closed its previously announced bought deal short form prospectus offering, including the exercise in full of the Underwriters (as defined below) over-allotment option (the "Offering"). In connection with the Offering, the Company issued 14,024,391 units of the Company (the "Units") and 25,000 8.0% convertible unsecured debentures of the Company due in 2021 (the "Convertible Debentures"). The Units were sold at a price per Unit of $2.05 for gross proceeds of $28,750,001.55 and the Convertible Debentures were sold at a price per Convertible Debenture of $1,000 for gross proceeds of $25,000,000, for total aggregate gross proceeds of $53,750,001.55. The Offering was underwritten by a syndicate of underwriters led by Eight Capital and included Canaccord Genuity Corp., Echelon Wealth Partners Inc. and GMP Securities L.P. (collectively, the "Underwriters"). Each Unit consists of one common share in the capital of the Company (each, a Common Share) and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire, subject to adjustment in certain circumstances, one additional Common Share at an exercise price of $2.70 per Common Share until February 2, 2020.